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India's Defence Minister Rajnath Singh has hailed the country's transformation from a major defence importer to a "trusted global exporter," attributing this shift to Prime Minister Narendra Modi's leadership as the NDA government marks eleven years in power. Singh highlighted that defence exports surged to ₹23,622 crore in 2024-25 from ₹1,940 crore in 2014-15, driven by initiatives like 'Aatmanirbhar Bharat' and 'Make in India.' He pointed to significant achievements, including the indigenous aircraft carrier INS Vikrant and the multi-role combat helicopter LCH Prachand, as well as successful military operations utilizing homegrown weapon systems. Singh emphasized the record-high defence exports to over 100 countries and the establishment of defence corridors attracting substantial investments. Celebrating this progress, he noted the strengthening of India's borders and armed forces, marking a proud stride towards self-reliance and strategic global leadership. 
Published: Jun 10 2025, 8 pmeznews.inOver 200 domestic and international electric vehicle manufacturers are set to participate in the India Energy Storage Week (IESW) from July 8 to 10, 2025, at the Yashobhoomi Convention and Expo Centre in New Delhi. Organised by the India Energy Storage Alliance (IESA), this 11th edition aims to bolster India's ambition of becoming a global manufacturing hub for electric vehicles (EVs). The country has rapidly emerged as a significant player in the electric three-wheeler and two-wheeler markets, driven by government initiatives like the PLI Auto and FAME schemes. The Indian EV market is projected to reach $117.78 billion by 2032, with a compound annual growth rate of 22.4%. IESA President Debmalaya Sen highlighted the importance of the SPMEPCI guidelines in fostering innovation and investment, while the event will also feature collaborations with several Indian states to enhance the EV ecosystem.
Published: Jun 12 2025, 11 ameznews.inBillionaire Gautam Adani's group is set to list its airports unit, Adani Airport Holdings Ltd., by March 2027 as part of a bold $100 billion investment strategy aimed at expanding its energy, logistics, and infrastructure sectors. Currently the largest private airport operator in India, Adani Airport Holdings manages eight airports and is preparing to launch a new terminal near Mumbai. Following a tumultuous period marked by allegations of corporate fraud and a bribery investigation involving its founder, the Adani Group is accelerating its capital spending, now planning to invest the $100 billion over five to six years instead of a decade. The conglomerate intends to finance this ambitious plan through a combination of $30 billion in loans and $50 billion from its listed companies, while also attracting overseas investors. Recent fundraising efforts include a $750 million bond issue and a $150 million loan from DBS Group.
Published: Jun 12 2025, 10 ameznews.inAn ethane tanker, the STL Qianjiang, has shifted its destination from China to India, reflecting the impact of U.S.-China trade tensions on global ethane flows. The vessel, which loaded at Energy Transfer's Nederland terminal, is now headed to Dahej, India, with Reliance Industries identified as the final buyer, according to Kpler data. This change comes after the U.S. government mandated that exporters obtain licenses to ship ethane to China, where approximately half of U.S. ethane exports are typically sent for use in the petrochemical industry. Energy Transfer and Enterprise Products Partners, major U.S. ethane producers, have received letters from the Commerce Department regarding the licensing requirement, with Enterprise also facing potential denials for emergency export requests totaling 2.2 million barrels to China. Ethane is favored by Chinese firms as a cost-effective feedstock compared to naphtha, while U.S. producers seek to offload excess domestic supply.
Published: Jun 12 2025, 10 ameznews.inAirbus SE has forecasted that the global commercial aircraft fleet will nearly double to around 50,000 planes over the next 20 years, driven by burgeoning markets like India, where a growing middle class is increasingly opting for air travel. The company anticipates an increase of 24,480 aircraft, reaching 49,210 by 2044, with most growth stemming from single-aisle models such as the Airbus A320 and Boeing 737. India is projected to be the fastest-growing aviation market, while China will lead in capacity. Despite global trade tensions and supply chain challenges, including shortages of engines and parts, demand for new aircraft remains robust, according to Airbus CEO Christian Scherer. Notably, India has emerged as a significant aircraft buyer, with Air India and IndiGo placing substantial orders, reflecting the country's status as the world's third-largest domestic aviation market.
Published: Jun 12 2025, 10 ameznews.inThe Director General of Shipping (DGS) has issued a formal notice to MSC Ship Management for gross negligence in the salvage operations of the sunken Liberia-flagged container vessel MSC Elsa 3 off the Kochi coast, highlighting an imminent threat to the marine environment. The DGS criticized the inadequate progress in the operation, warning that if oil extraction does not commence within 48 hours, legal action may be pursued against the ship owners and salvors under Indian law. Local communities, reliant on fishing, have already faced significant economic losses due to the vessel's presence and ongoing pollution risks. Delays in deploying necessary diving support and visa applications for divers from 11 countries have exacerbated the situation. The vessel, lying at a depth of 51 meters, requires saturation diving for oil recovery, yet only limited air diving has occurred, with oil extraction initially scheduled for June 5 still not begun.
Published: Jun 12 2025, 10 ameznews.inFarmer Producer Organisations (FPOs) face significant challenges in sustaining their business operations, primarily due to a lack of managerial skills, insufficient access to patient capital, and inadequate working capital. At a recent roundtable hosted by the Centre for Business Innovation at the Indian School of Business, industry experts, including Ram Kaundinya, emphasized the need for professional leadership within FPOs, advocating for the appointment of trained CEOs and the introduction of diploma courses to equip young leaders. They also called for improved access to credit, urging the government to mandate priority sector lending and allow FPOs to utilize warehouse receipts and collective collateral. Additionally, the establishment of mentorship programs and a shift in mindset to view FPOs as business entities were highlighted as crucial for success. The panel also discussed the importance of leveraging technology and data to enhance operational efficiency, while cautioning against the challenges posed by data overload.
Published: Jun 12 2025, 9 ameznews.inIndia has been ranked 131st out of 148 countries in the Global Gender Gap Index, according to a report by the World Economic Forum released on Thursday. While the country has made strides in Economic Participation, Education, and Health, it has seen a decline in Political Empowerment, with female representation in Parliament dropping from 14.7% to 13.8% and women in ministerial roles decreasing from 6.5% to 5.6%. Despite an overall gender parity score of 64.4%, India fell three places compared to 2024, although its absolute performance improved slightly by 0.3 points. The report highlights that while India’s educational attainment score reached 97.1%, reflecting better female literacy and tertiary enrolment, the global gender gap has narrowed to 68.8%, with full parity projected to take 123 years at current rates. Iceland continues to lead as the most gender-equal economy for the 16th consecutive year.
Published: Jun 12 2025, 9 ameznews.inUnion Minister of Commerce and Industry Piyush Goyal is on a three-day official visit to Sweden, aimed at enhancing trade and investment ties between India and Sweden. During his visit, Goyal participated in high-level business events, including the India-Sweden Business Leaders’ Roundtable, where he emphasized the potential for collaboration between the two nations. He addressed the Confederation of Swedish Enterprises and discussed the release of a joint paper on the proposed India-EU Free Trade Agreement, highlighting a commitment to stronger economic ties and sustainable growth. Goyal also met with Tetra Pak Sweden's Managing Director to explore sustainable packaging initiatives and R&D collaboration. He encouraged Swedish businesses to invest in India, citing the country's skilled workforce and commitment to sustainable development. Goyal expressed optimism that the discussions would lead to concrete opportunities and long-term partnerships.
Published: Jun 12 2025, 9 ameznews.inIn a significant move to enhance India's inland fishery sector, stakeholders including fishery scientists, policymakers, and community leaders have initiated a joint effort to secure global sustainability recognition for Chilika Lake's mud crab fishery. This initiative aims to achieve the Marine Stewardship Council (MSC) certification, which is expected to boost the market value of this vital resource while ensuring ecological protection and supporting local livelihoods. The Chilika mud crab is the first inland fishery in India to be considered for MSC certification, which recognizes sustainable fishing practices. Experts emphasize the importance of this certification in safeguarding biodiversity and addressing threats such as overfishing and pollution. The initiative, involving the ICAR-Central Inland Fisheries Research Institute and the Chilika Development Authority, aims to create a roadmap for certification and enhance community engagement, ultimately making Chilika Lake's fishery more competitive in the global market.
Published: Jun 12 2025, 9 ameznews.inThe Indian Coast Guard (ICG) has made significant progress in combating a major fire aboard the Singapore-flagged container ship MV Wan Hai-503, which experienced an internal explosion in Kochi on Tuesday. Firefighting operations, led by ICG ships Samudra Prahari and Sachet, have reduced the flames to residual smoke, with no new explosions reported since early morning. A daring operation saw a three-member team, including an ICG diver, deployed via helicopter to secure the vessel's towing hawser. The ship remains tilted at 10-15 degrees to its port side, with ICG ship Samudra Prahari maintaining control of its movement. Additional ICG vessels and helicopters are on standby for firefighting and pollution response, while ICG ships Arnvesh, Rajdoot, and Kasturba Gandhi are conducting searches for four missing crew members. Ongoing air sorties by ICG Dornier aircraft are facilitating real-time assessments of the situation.
Published: Jun 12 2025, 9 am
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